IME Child Money Back Plan (IME Bal Umanga)
In simple terms: you pay a fixed amount each year, and at the end of the term you get your cover amount back together with the bonus the insurer adds along the way. Child-targeted money-back life plan to meet education and marriage needs. Survival benefits are paid in five instalments (20% each) starting four years before maturity; death benefits and bonuses apply.
Maturity estimator
Estimated value at maturity
—
Declared bonus
Rs 30–80
per Rs 1,000 sum assured, per year · declared FY 2081/82
Recent years
- FY 2081/82
- Rs 30–80/ 1,000
- FY 2080/81
- Rs 30–80/ 1,000
- FY 2079/80
- Rs 22–80/ 1,000
- FY 2078/79
- Rs 30–70/ 1,000
- FY 2077/78
- Rs 30–70/ 1,000
* Company-wide declared range — the plan's own term bands were not published that year.
Source: IME Life Insurance declaration for FY 2081/82
Bonus rates are declared annually and are not guaranteed. Past rates do not guarantee future rates.
What's included
Key highlights
- Money-back structure targeted for child's education/marriage
- Five survival payouts of 20% each beginning 4 years before maturity
- Compulsory premium waiver and income benefit on proposer death/disability
Features
- Survival benefits in five instalments of 20% each (paid starting 4 years before maturity) plus vested bonus
- Minimum Sum Assured: NPR 100,000
- Entry Age (Assured): 0–17 years (Age Last Birthday)
- Proposer Entry Age: 18–60 years (Age Nearest Birthday)
- Premium modes: Single, Yearly, Half-Yearly, Quarterly; Payment terms: Regular, Limited, Single
- Risk commencement: 2 years after policy start or when child completes 6 years (whichever later); if entry age ≥15 then 1 year
- Compulsory benefits on proposer death/total permanent disability: Premium waiver and Income Benefit
- Optional riders: Accidental Death, Lump-Sum, Funeral Expense
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
The nominee receives the sum assured plus the bonus built up to that date, and the policy ends.
Typical for life insurance plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the sum assured plus the bonus built up to that date on the maturity date.
Typical for life insurance plans — confirm the exact terms in the brochure.
If death is caused by an accident
With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.
Typical for life insurance plans — confirm the exact terms in the brochure.
Optional riders
Premium Waiver Benefit
Compulsory on proposer death or total permanent disability
Income Benefit
Compulsory proposer income benefit
Accidental Death Benefit
Optional rider
Lump-Sum Benefit
Optional lump-sum benefit
Funeral Expense Benefit
Optional funeral expense rider
Critical Illness Benefit
Optional critical illness rider
Loan & liquidity
- Policy loan
- Available
- Loan facility
- Up to 90% of surrender value
Questions about this plan
Who can buy IME Child Money Back Plan (IME Bal Umanga)?
The entry age for IME Child Money Back Plan (IME Bal Umanga) is 0 – 17 years.
How long does IME Child Money Back Plan (IME Bal Umanga) run?
The policy term for IME Child Money Back Plan (IME Bal Umanga) is 10–25 years.
How much cover can I take on IME Child Money Back Plan (IME Bal Umanga)?
The sum assured available on IME Child Money Back Plan (IME Bal Umanga) is From Rs 1,00,000.
What bonus rate does IME Child Money Back Plan (IME Bal Umanga) earn?
For FY 2081/82, IME Life Insurance declared Rs 30–80 / 1,000 of sum assured on IME Child Money Back Plan (IME Bal Umanga). Bonus rates are set each year and are not guaranteed.
Which riders can be added to IME Child Money Back Plan (IME Bal Umanga)?
IME Child Money Back Plan (IME Bal Umanga) can be taken with the following optional riders: Accidental death (ADB), PTD / PWB, Critical illness (CI). Each rider carries its own premium.
Premium
Quote on request